Residences at CityWest add to apartment construction in Westchase

The 266-unit Residences at CityWest project will be located at 2520 Rogerdale Road in Westchase.

The 266-unit Residences at CityWest project will be located at 2520 Rogerdale Road in Westchase.

Photo: Courtesy of USAA Real Estate Co.

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The apartments will be built on a parcel of land next to 2500 CityWest Blvd. Crimson Real Estate Fund and USAA Real Estate Co. purchased the 2500 CityWest Blvd. building from a joint venture between Thomas Properties Group and the California State Teachers Retirement System in November of 2011. less

The apartments will be built on a parcel of land next to 2500 CityWest Blvd. Crimson Real Estate Fund and USAA Real Estate Co. purchased the 2500 CityWest Blvd. building from a joint venture between Thomas ... more

Photo: Colvill Office Properties / Houston Chronicle file photo

Residences at CityWest add to apartment construction in Westchase

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Crimson Real Estate Fund and USAA Real Estate Co. are set to break ground on a four-story apartment complex on a parcel of land that came with the purchase of the 2500 CityWest Blvd. office building three years ago.

The 266-unit Residences at CityWest project will be located at 2520 Rogerdale Road and will have frontage along Westheimer. The complex will be within walking distance of the Phillips 66 headquarters campus under construction in Westchase.

Patrinely Group, an affiliate of Crimson Real Estate Fund headquartered in Houston, is developing the complex on three acres of land next to the 2500 CityWest Blvd. building. The community will offer plans from one to three bedrooms ranging from 600 square feet to 1,900 square feet. The units will wrap around a parking structure and courtyard.

Construction is set to begin in December, with completion anticipated in July 2016. The project team includes Looney Ricks Kiss Architecture of Memphis and Jordan Foster Construction.

“We have 3,000 units of rental apartment projects currently under construction in Seattle, Los Angeles, Denver, and New York and are pleased to have broken ground here on our next multifamily project, partnering once again with our friends at USAA Realco,” Dean Patrinely, managing principal of Crimson Real Estate Advisors and Patrinely Group, said in an announcement. “We feel that CityWest is very well located to address the current demand for multifamily in this popular submarket.”

Westchase is home to scores of companies including BMC Software, Petrobras, Schlumberger and Statoil.

The apartments are expected to be open by the time Phillips 66 completes its new campus in late 2016. The energy company’s multi-building headquarters will span 14 acres along the West Sam Houston Tollway, just north of CityPlace Drive.

The development is the latest apartment project to be announced in Westchase. Two others are under construction, according to the Westchase District.

The Worthing Cos. is building The Heights at Westchase, a 265-unit complex on a 5-acre parcel of land on the east side of Beltway 8, just south of Richmond. The four-story community is expected to open in early 2015.

Richfield Real Estate Corp. is building a second phase of Portico at West 8 at 3003 Seagler Road. The expansion will add 296 units for a total of 526 units. Construction is expected to be complete in mid-2015.

Crimson Real Estate Fund and USAA Real Estate Co. purchased the 2500 CityWest Blvd. building from a joint venture between Thomas Properties Group and the California State Teachers Retirement System in November of 2011.

USAA Real Estate Co. has $12 billion in assets under management and is based in San Antonio. Crimson Real Estate Fund, a real estate opportunity fund, is managed by Crimson Real Estate Advisors, based in Houston. Patrinely Group develops commercial office and residential projects throughout the United States.

Click here for a map of apartments under construction or proposed in the Houston area.